Swartz Creek Industrial
For Sale
Contact for pricing
4025 S Dye Rd, Swartz Creek, MI 48473
Industrial building in Swartz Creek, MI, leased to FedEx.
Property Size22,000 SF
Lot Size7.36 Acres
Price / SF$204.55
Days on Market1569
Property Features for 4025 S Dye Rd
General Information
Standard status
Active
Size
22,000 SF
Lot size
7.36 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Building Details
Year Built
1996
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Colliers - Ann Arbor, Michigan
(734) 994-3100
Listed By:
Jim Chaconas · License #MI 6502358011
Source:
Crexi
Added: May 6, 2022
Changed: Aug 14
Last Checked: Aug 20 at 9:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Ann Arbor, Michigan
Investment Insights
Based on property information with market context.
The property at 4025 S Dye Rd in Swartz Creek is a cross-dock industrial building located on a 7.36-acre lot. The property is currently occupied by a long-term tenant, FedEx, under a NNN lease that continues through 2032. The location provides accessibility, with proximity to I-69, I-75, and Bishop Airport. The surrounding area includes established industry and retail businesses, such as Genesee Valley Center, featuring Barnes & Noble, Macy’s, Planet Fitness, and H&M. Additional nearby retail options include Outback Steakhouse, Chipotle Mexican Grill, TJ Maxx, and Olive Garden. The property is located less than 10 minutes from Flint, Michigan. The building size is 22000 square feet.
Key Highlights
- Long‑term NNN lease with FedEx in place through 2032.
- Spacious 7.36‑acre lot.
- Excellent accessibility to I‑69, I‑75, and Bishop Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$151,302
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,026,040
$3.0M
Cap Rate 7%
$2,161,457
$2.2M
Cap Rate 9%
$1,681,133
$1.7M
Market Conditions
NOI Build-Up for 22,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$198.0K $9.00/SF
− Vacancy
−$20.0K −$0.91/SF
EGI
$178.0K $8.09/SF
− OpEx
−$26.7K −$1.21/SF
NOI
$151.3K $6.88/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,026,040
Cap Rate 7%
$2,161,457
Cap Rate 9%
$1,681,133
Alternative Uses
Best Use
Warehouse
$2.16M
$1.89M – $2.52M
NOI $151,302 @ 7.0% cap · market cap 3.36%
Second Best
Industrial
$1.78M
$1.56M – $2.08M
NOI $124,601 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$4.63M
$4.05M – $5.40M
NOI $324,057 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 48473, MI
22,035
Population
9,853
Households
2.2
Avg Household Size
45
Median Age
25%
College-Educated
95%
High-School Grad
56.2 sq mi
ZIP Area
392
Density / Sq Mi
$76,765
Median Household Income
$40,908
Median Earnings
$1,092
Median Rent
$191,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Industrial building in Swartz Creek, MI, leased to FedEx.
Where is this distribution center located?
The property is located at 4025 S Dye Rd Swartz Creek, MI.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Long‑term NNN lease with FedEx in place through 2032.; Spacious 7.36‑acre lot.; Excellent accessibility to I‑69, I‑75, and Bishop Airport.
